RBC Leads Canadian Banks in Trimming Prime Rate -- 2nd Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Rita Trichur TORONTO--Royal Bank of Canada became the first major Canadian lender to trim its prime lending rate in response to last week's surprise interest-rate cut from the Bank of Canada. Canada's second-largest bank by assets said it would ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low after Singapore's central ...

Oil Resumes Slide as U.S. Supply Seen Rising Again

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Eric Yep Crude-oil futures resumed their fall in Asian trade Wednesday with another surge in weekly U.S. oil supply expected to keep oil prices under pressure. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

French Consumer Confidence Stable in January

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ruth Bender PARIS--French consumer confidence was stable in January, a survey from statistics agency Insee showed on Wednesday. The monthly survey showed that consumer confidence stayed flat at 90 in January from the same level in December, but still ...

Australian Consumer Prices Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

SYDNEY--Australian consumer prices rose by 0.2% in the fourth quarter from the third and by 1.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected headline inflation to rise by 0.3% from the third quarter ...

Asian Shares Mostly Lower -- Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Austrian Economic Forecaster Confirms 2014, 2015 GDP Forecasts

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Nicole Lundeen VIENNA--The Austrian economy is expected to grow 1.25% on average between 2015 and 2019, the country's main economic forecaster said Wednesday in its five-year outlook. The Austrian Institute for Economic Research, known by its German acronym WIFO, ...

Malaysia Likely to Keep Rate Steady Till Mid-2015 - Think Tank

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Jason Ng KUALA LUMPUR--Malaysia's central bank will likely keep its policy rate unchanged at least until June as the outlook for economic growth moderates and inflation remains under control, the Malaysian Institute of Economic Research, a partially government-funded think ...

Australian Consumer Prices Rise

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By James Glynn SYDNEY--Australian consumer prices rose by 0.2% in the fourth quarter from the third and by 1.7% from a year earlier, the Australian Bureau of Statistics said Wednesday. Economists had expected headline inflation to rise by 0.3% from ...

Asian Shares Mostly Lower

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Chao Deng Stocks in Asia were mostly lower Wednesday as investors cautiously awaited a U.S. Federal Reserve statement for clues on the timing of any interest rate rise, while the Singapore dollar plunged to a 4 1/2 year low ...

Yahoo to Spin Off Remaining Alibaba Stake -- 4th Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Douglas MacMillan Yahoo Inc. unveiled a plan to spin off tax-free its nearly $40 billion of holdings in Alibaba Group Holding Ltd., a move that should give Chief Executive Marissa Mayer more time with shareholders despite continued declines in ...

German Consumer Sentiment to Reach 13-Year High in February

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Emese Bartha FRANKFURT-German consumer confidence is set to strengthen further in February, as low energy prices that allow more scope for other expenditures buoy sentiment, a survey showed Wednesday. The monthly survey by the GfK market research group suggest ...

Singapore Central Bank Eases Currency Policy

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

SINGAPORE--Singapore's central bank Wednesday announced a surprise easing of its currency policy, as inflationary pressures in the country are expected to remain subdued in the wake of falling global oil prices. In a statement ahead of its scheduled policy meeting ...

Dollar Higher Against Yen Ahead of FOMC

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Hiroyuki Kachi The dollar was higher against the yen in Asian trade Wednesday, as investors await the results of the Federal Reserve's policy meeting later in the day, as well as a series of U.S. economic data. Around 0450 ...

Japan Economy Has Largely Overcome Sales Tax Impact

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

TOKYO--Japan's finance ministry said Wednesday that the economy has largely overcome the impact of an April tax increase, maintaining for the fourth straight quarter its overall assessment that the economy is on a recovery path. "A gradual recovery is continuing ...

Obama Drops Plan to Raise Taxes on 529 College-Savings Accounts--Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By John D. McKinnon The Obama administration said it would drop a controversial plan to raise taxes on so-called 529 college-savings accounts, after the proposal sparked widespread criticism over its potential impact on the middle class. House Speaker John Boehner ...

Singapore Pulls Trigger in Deflation Fight--Update

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By P.R. Venkat SINGAPORE--The Monetary Authority of Singapore said it would slow the Singapore dollar's rise against a basket of currencies, making the city state the latest country to ease monetary policy as inflation slows across much of the world ...

Qatar Set to Gain Control of Canary Wharf

TODAY: Jan. 28, 2015 PUB DATE: Jan. 28, 2015

By Ed Ballard LONDON--Qatar's sovereign wealth fund and Canadian investors Brookfield Property Partners LP are set to gain control of London's Canary Wharf business district in a deal worth GBP2.6 billion ($3.94 billion). The likely acquisition comes after the biggest ...

Putin Blames Kiev for Violence

TODAY: Jan. 28, 2015 PUB DATE: Jan. 27, 2015

By James Marson MOSCOW--Russian President Vladimir Putin blamed an escalation in violence in eastern Ukraine on the pro-Western government in Kiev, taking a hard line as U.S. and European leaders said they could tighten sanctions against Moscow unless it reins ...